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The noting charges levied on dishonour of an endorsed bill by the Notary Public are to be borne by
Accountingmedium
Ais incorrect answer because the drawer may pay the charges initially but ultimately they are to be borne by the drawee. The holder of the
is the correct answer.
Cis entitled to receive the payment of the bill and to bear the noting charges on the bill. The endorser
Dmay be the drawer of the bill in which case he will recover the noting charges from the drawee of the bill. Thus
Correct Answer: B. is the correct answer.
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